πŸ“Š Fed Warns of Stablecoin Risks

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸͺ™ Fed warns on stablecoin risks
πŸ”‹ American Battery Tech grant canceled, stock plunges
πŸ’Š UK seeks pharma investments in US trade talks
⚑ AEP secures $1.6B loan for transmission upgrades
🌍 US officials criticize China's rare earth restrictions
🎁 +4 more stories you might like
πŸͺ™ Fed's Barr Highlights Stablecoin Risks Amid Regulatory Delays Link
  • Federal Reserve Governor Michael Barr warns of stablecoin risks at a fintech event.
  • Barr emphasizes the need for comprehensive regulations to avoid financial instability.
  • Industry leaders acknowledge the challenges and stress the importance of proper rulemaking.
πŸ”‹ American Battery Tech Faces Setback as DOE Cancels Grant Link
  • The U.S. Department of Energy terminated a $115 million grant for American Battery Tech.
  • The company plans to continue its lithium project despite losing federal support.
  • ABAT's stock plummeted by 27% following the grant cancellation announcement.
πŸ’Š UK Seeks Pharma Investments in Ongoing US Trade Talks Link
  • Britain aims for increased pharmaceutical investments in exchange for higher drug prices.
  • Trade talks with the U.S. focus on securing lower tariffs for pharmaceuticals.
  • The UK government emphasizes creating an attractive environment for pharma businesses.
⚑ AEP Secures $1.6 Billion DOE Loan for Major Transmission Upgrades Link
  • American Electric Power receives a $1.6 billion loan guarantee from the DOE.
  • The funds will upgrade 5,000 miles of transmission lines, enhancing reliability.
  • AEP's project is expected to create 1,100 construction jobs and support economic growth.
🌍 US Officials Criticize China's Rare Earth Export Controls Link
  • Top U.S. officials condemn China's rare earth export restrictions as a global threat.
  • Washington seeks to avoid escalation but warns of possible retaliatory measures.
  • The situation adds tension to U.S.-China relations amid ongoing trade disputes.

Other news & articles you might like

  • πŸ‡ͺπŸ‡Έ Spain pledges €19.5M to World Bank fund (Link)
  • πŸ’° Singapore, NZ bolster World Bank financial tools (Link)
  • πŸš— Tesla appeals to reinstate Musk's pay package (Link)
  • πŸ›’οΈ Trump: Modi to halt Russian oil purchases (Link)

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